Has Business Been Exploiting Labour since 1971? with Gene Epstein (SLP527)

Has Business Been Exploiting Labour since 1971? with Gene Epstein (SLP527)

Many Bitcoiners have seen or shared around the images that show Labour Compensation (wages and other benefits) diverging from Labour Productivity since 1971, particularly from sites such as wtfhappenedin1971.com. Rejoining me today is Gene Epstein to break down why this chart is flawed! We also talk about broader issues around CPI, whether inflation is over or undercounted, and cost of living pressures that so many people are facing today. The conclusions will surprise you!We talk:

  • Labour Compensation and Productivity
  • Nominal dollars and issues with price indexes
  • Is CPI overstated?
  • Are we poorer than we used to be?
  • Cost of living crisis
  • Can you make it on a single income these days?
  • The real problems

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Episoder(733)

BTC Prague 2026 with Matyas Kuchar | SLP733

BTC Prague 2026 with Matyas Kuchar | SLP733

In this episode Stephan speaks with Matyas Kuchar, co-founder of BTC Prague, about the upcoming Bitcoin conference in Prague. They discuss the conference's focus on Bitcoin and its intersection with o...

3 Apr 42min

The Physics of Bitcoin with Giovanni | SLP732

The Physics of Bitcoin with Giovanni | SLP732

In this conversation, Giovanni Santostasi discusses his new book 'The Physics of Bitcoin' and the application of power law analysis to understand Bitcoin's growth, value, and long-term behavior. The c...

27 Mar 59min

There's Hope for Bitcoin with James Van Straten | SLP731

There's Hope for Bitcoin with James Van Straten | SLP731

In this episode, Stephan Livera chats with James Van Straten, senior analyst at CoinDesk, to explore the current state of Bitcoin and macro markets. They discuss the nature of bear markets, cycle theo...

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Cluster Mempool Explained with Pieter Wuille | SLP730

Cluster Mempool Explained with Pieter Wuille | SLP730

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UTXOs, Spam & Bitcoin's Integrity with Martin Habovstiak | SLP729

UTXOs, Spam & Bitcoin's Integrity with Martin Habovstiak | SLP729

In this conversation, Stephan Livera interviews Bitcoin developer Martin Habovstiak about his website Knotslies and the controversies surrounding data contiguity in Bitcoin transactions. They discuss ...

11 Mar 58min

NumoPay: Tap-to-Pay Bitcoin with Calle | SLP728

NumoPay: Tap-to-Pay Bitcoin with Calle | SLP728

In this episode, Calle introduces Numopay, an open-source Bitcoin payment terminal that enables tap-to-pay experiences similar to fiat systems. We explore its technical foundations, privacy features, ...

10 Mar 44min

Can Bitcoin help you retire early? with Trey Sellers | SLP727

Can Bitcoin help you retire early? with Trey Sellers | SLP727

In this episode, Stephan Livera interviews Trey Sellers about Bitcoin and FIRE (Financial Independence, Retire Early). They explore how Bitcoin can accelerate FIRE, different strategies for retirement...

6 Mar 47min

Will Stablecoins help in Bitcoin adoption? with Gareth Grobler | SLP726

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In this conversation, Stephan Livera and Gareth Grobler discuss the innovative features of the Layerz Wallet, focusing on its multi-layered approach to cryptocurrency transactions, the importance of s...

25 Feb 42min

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